Hive Digital Technologies surpasses 13 EH/s in mining, targets 18 EH/s by August 2025

Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to announce that the company has surpassed 13 exahash per second (EH/s) in global Bitcoin mining hashrate. This milestone comes as Hive now mines over 6.5 Bitcoin per day, a result of deploying next-generation hydro-cooled mining systems during Phase 2 of development at its Yguazú facility in Paraguay.

Holmes noted that over 2 EH/s of Bitmain S21+ Hydro ASIC miners are now operational at the site, and the company anticipates a total of 6.5 EH/s from Phase 2 once fully deployed. Hive remains on track to reach its near-term goal of 18 EH/s in total global hashrate by the end of August 2025.

Hive also announced it has achieved $300 million in annualized run-rate revenue (ARR) from its Bitcoin mining and high-performance computing (HPC) operations. This ARR is supported by profit margins of approximately 55%, based on current power costs and hash price metrics.

Looking ahead, the company projects ARR of approximately $400 million upon achieving the 18 EH/s goal. At that scale, Hive expects a global fleet efficiency of 18.5 joules per terahash (J/TH) and mining margins approaching 60% after accounting for electrical costs.

This latest development reflects Hive’s strategy of expanding through energy-efficient, next-generation infrastructure while maintaining profitability amid a competitive mining environment.

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